Official: DXB, AUD Getting More Expensive
A survey out today shows that Tokyo is now the world's most expensive city for an expat to live (it was number 2 last year). London has dropped from last year's 3rd to this year's 16th.
Of particular interest to me (this year's rank first, last year's in brackets):
20 (52) Dubai
26 (65) Abu Dhabi
37 (28) Madrid
38 (31) Barcelona
Full story here.
Of particular interest to me (this year's rank first, last year's in brackets):
20 (52) Dubai
26 (65) Abu Dhabi
37 (28) Madrid
38 (31) Barcelona
Full story here.
posted by Keefieboy at
7:00 PM
3 Comments:
We got out justz in time!
Dubai is certainly not an attractive pace for expats anymore and this survey reaffirms what the expat population here has been experiencing for the last year or two.
But, the survey was conducted in March 09 and since then rental rates have continued to fall by as much as 50-70% in some areas.
Many retailers are struggling and for the first time I am seeing restaurants in major malls closing down due to poor sales figures.
The roads are definately much quieter than at the same time last year (despite what the misguided authorities here say) and overall the quality of life, for those of us that remain, is actually improving.
As much as this place can frustrate anyone with a first-world brain I believe it will actually slip back in the 2010 ratings... maybe to about position 40-something and will be overtaken by Abu Dhabi if the current trend continues. But but we will see.
Teehee - we came to the right place, then!
Post a Comment
<< Home